BUSINESS

Vedanta BOD Approve Third Interim Dividend on March 2

Vedanta Ltd shares surged after it said that it would reappoint Ajay Goel as its CFO after Sonal Shrivastava quit.

On Wednesday, Vedanta Ltd has said its board will meet on March 2 to consider and approve the third interim dividend for the current financial year.

“The board of directors of the company on Wednesday, March 2, 2022, will consider and approve third interim dividend on equity shares, if any, for the financial year 2021-22,” Vedanta said in a filing to the BSE.

The record date to determine the entitlement of the equity shareholders for the said dividend, if declared, is being fixed as March 10, the filing said.

Vedanta Ltd had reported a 26.2 jump in consolidated net profit to Rs 4,164 crore for the quarter ended December 31, 2021.

The company had posted a consolidated net profit of Rs 3,299 crore in the year-ago period, Vedanta Ltd had said in a filing to the BSE.

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